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morgan or deutsche bank as being the conduit between the government's money printing activities and the real economy they tend to guide that money into areas where they make the huge profits and those are typically areas that are not economically sound but they can package and huge huge credits or commissions and they've done this on a gargantuan scale and totally destroyed the global economy you know back in two thousand and seven the bank of international settlements released a similar report warning about especially iceland and the carry trade going in there and what was going on there in iceland to explain this magical bubble in their economy was explained to them by coutts and bank chief economist oscar johnson in a paper called the icelandic economic miracle where does the money come from this is where in the march two thousand and six max and he highlighted several things that were all magical that they you know that their economy because of the reforms they brought in because of the great investment banks they have they're all sorts of things explain why a thirteen billion dolla
morgan or deutsche bank as being the conduit between the government's money printing activities and the real economy they tend to guide that money into areas where they make the huge profits and those are typically areas that are not economically sound but they can package and huge huge credits or commissions and they've done this on a gargantuan scale and totally destroyed the global economy you know back in two thousand and seven the bank of international settlements released a similar report...
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Dec 5, 2012
12/12
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KQEH
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that funds education, social services, and it taxes. >> if you want lower taxes and less government, i'm scott walker, and i know how to get the job done. >> and so the smart donors can change the whole country without ever going to washington, without ever having to go through a congressional hearing, without ever having to lobby on capitol hill, without ever having to talk to a president. >> please raise your right hand and repeat after me. >> the new governor moved quickly with a raft of alec-inspired bills. they included one similar to florida's stand-your-ground. another made it easier to carry concealed weapons. there was a resolution opposing the mandated purchase of health insurance. and of course there was one limiting corporate liability. the wisconsin legislature passed a so-called tort reform measure that included parts of eight different alec models. alec was elated, praising walker and the legislature in a press release for their "immediate attention to reforming the state's legal system." but scott walker was also shooting for another big alec prize. >> now some have q
that funds education, social services, and it taxes. >> if you want lower taxes and less government, i'm scott walker, and i know how to get the job done. >> and so the smart donors can change the whole country without ever going to washington, without ever having to go through a congressional hearing, without ever having to lobby on capitol hill, without ever having to talk to a president. >> please raise your right hand and repeat after me. >> the new governor moved...
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Dec 9, 2012
12/12
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KQEH
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we're not against government. this is self-government. this is america. it's us." and he believed that. today, you see so many people in congress who really see government as the enemy, who are unwilling to come together to do even the most basic things like pay our bills. and you can't survive that way. so, the intellectual basis of conservatism seems to have disappeared. the idea that you would, you know, go to war or that you would create a program or whatever else, and not pay for it, was the most anti-conservative thing you could imagine. >> are there any reasons to be against big government? >> oh, sure there are. sure, there are. government can be too big. it can be too expensive. it can regulate too much. sure, it can. but at some point, you push as hard as you can, if you're a conservative, to make government smaller, to make taxes lower. but you can't get it all. you can't win everything all in one fight, because we're a big country and a lot of different views. and you have people on the left and the right who are so full of certitude and so unwilling to
we're not against government. this is self-government. this is america. it's us." and he believed that. today, you see so many people in congress who really see government as the enemy, who are unwilling to come together to do even the most basic things like pay our bills. and you can't survive that way. so, the intellectual basis of conservatism seems to have disappeared. the idea that you would, you know, go to war or that you would create a program or whatever else, and not pay for it,...
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is on that path of low growth stagnant growth increasing government debt and the second guy was saying hey we need to avoid the path that japan went on so either way people are comparing the u.s. to japan story what do you think of that comparison i really don't think there is a comparison i mean look look at the google facebook look at apple compared to sony i mean. america is still an entrepreneurial society look at the legacy car manufacturers which are coming back america apparel industry is recovering america is a dynamic vibrant economy where innovation takes place all the time only in japan japan post the second world war showed what it could do there were innovators they led the world in production engineering and manufacturing but now good manufacturing is nothing special but you can find in any country around the world it's been the science of it's been formatted you need a society with this creative tensions people are prepared to think out of the box and create things in japan this leap walking to oblivion. there's no promotion of young talented people everything is based o
is on that path of low growth stagnant growth increasing government debt and the second guy was saying hey we need to avoid the path that japan went on so either way people are comparing the u.s. to japan story what do you think of that comparison i really don't think there is a comparison i mean look look at the google facebook look at apple compared to sony i mean. america is still an entrepreneurial society look at the legacy car manufacturers which are coming back america apparel industry...
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Dec 9, 2012
12/12
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CSPAN2
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are you supportive of that government intervention? >> release the question and answer of the book basically. you can see that as an emergency intervention. this government had done it back now, that would've been fine. unfortunately they stayed too long. the comparison they make is to katrina. there's emergency aid and basically people get up and back on their feet. but unfortunately the government conceded the financial crisis as an excuse to expand itself and expand control of the economy. >> at what point would you say that government should have out as the emergency aid and click >> they did allow banks that wanted to pay the money. obviously they're making it difficult. they make and keep it it up for saddam those who didn't want bailouts in the first place. so basically, some people really have argued that the fact that the bailouts were necessary. but basically they went too far and certainly afterwards they use the financial crisis as an excuse to overregulate with dodd-frank, et cetera. >> welcome we are interviewing u.s. fre
are you supportive of that government intervention? >> release the question and answer of the book basically. you can see that as an emergency intervention. this government had done it back now, that would've been fine. unfortunately they stayed too long. the comparison they make is to katrina. there's emergency aid and basically people get up and back on their feet. but unfortunately the government conceded the financial crisis as an excuse to expand itself and expand control of the...
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Dec 11, 2012
12/12
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FOXNEWSW
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he wants the big government. he wants to spend. in fact, he wants 500 million more to throw into some stimulus that hasn't worked the first two times he tried it. why do the american people say it's the g.o.p.'s fault when the president obviously isn't giving anything at all up? >> well, bill you know that and i know that in part because we watch fox news, and fox news reports it that way which is the straight forward way to report it. you can find that out from the other media, but you have to read it carefully because it's not apparent. all the conversation, all the discussion, all the news that's made in this whole discussion since the end of the election has been about what? it's been about tax rates on the rich. >> bill: right. >> that's been the whole story. the fact that the president hasn't come forward with anything meaningful on the spending side, especially on the entitlement side, it's possible to find it but it's not really evident. i'm saying the coverage is biased. >> bill: i don't want to put words in your mouth, bu
he wants the big government. he wants to spend. in fact, he wants 500 million more to throw into some stimulus that hasn't worked the first two times he tried it. why do the american people say it's the g.o.p.'s fault when the president obviously isn't giving anything at all up? >> well, bill you know that and i know that in part because we watch fox news, and fox news reports it that way which is the straight forward way to report it. you can find that out from the other media, but you...
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Dec 10, 2012
12/12
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CNBC
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but one man did try to tell the government what madoff was up to. how long did it take you to figure out that there was something wrong? >> it took me five minutes to know that it was a fraud. it took me another almost four hours of mathematical modeling to prove that it was a fraud. (watch ticking) >> safer: so this was the scene of the crime. irving picard gave us a tour of bernie madoff's 19th-floor offices, an impressive landscape of emptiness. >> his desk was here. >> safer: picard has the thankless task of finding the money, the billions that madoff scammed. (watch ticking) arlan galbraith who called himself "the pigeon king" convinced hundreds of american and canadian farmers there was good money to be made raising the birds for food. >> and everybody we talked to said this guy was--he was on the up and up. nobody had a bad word to say about him. (watch ticking) >> stahl: welcome to "60 minutes" on cnbc. i'm leslie stahl. in march 2009, bernard madoff pleaded guilty to perpetrating what's believed to be the largest financial fraud in history.
but one man did try to tell the government what madoff was up to. how long did it take you to figure out that there was something wrong? >> it took me five minutes to know that it was a fraud. it took me another almost four hours of mathematical modeling to prove that it was a fraud. (watch ticking) >> safer: so this was the scene of the crime. irving picard gave us a tour of bernie madoff's 19th-floor offices, an impressive landscape of emptiness. >> his desk was here....
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Dec 8, 2012
12/12
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CNNW
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governments are doing it on the other side. i think that the regime will fall. i think there's going to be a very long and difficult internal struggle for governance after that occurs, and we should be preparing the ground, as i think the administration is trying to do, for a unified opposition force that will bring about change peacefully after assad's regime falls, but i repeat, direct american military intervention in my judgment will not solve the problem and will entangle us yet further in conflicts in far-flung countries where it's very difficult to sustain support in this country. >> and from what i understand, you've actually met with president assad in the past. what is your sense of him and what he might do here? there's some reports he has a deputy out there checking on possible asylum in other countries, but he's also said he's going to live and die on syrian soil. >> well, i met him on several occasions. i think right now principal concern is survival for himself, his family and the clan. the alawhites are an offshoot of the shiia part of the muslim
governments are doing it on the other side. i think that the regime will fall. i think there's going to be a very long and difficult internal struggle for governance after that occurs, and we should be preparing the ground, as i think the administration is trying to do, for a unified opposition force that will bring about change peacefully after assad's regime falls, but i repeat, direct american military intervention in my judgment will not solve the problem and will entangle us yet further in...
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Dec 8, 2012
12/12
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FOXNEWSW
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i don'federal government. i don't know why anybody wants to increase its size. >> greta: one of the things there's so little focus on whether it's republicans or democrats is our inner cities like detroit. they're going to explode, implode on us. they'll ultimately be a huge financial drain on the whole federal budget in some ways. it doesn't seem to me there's enough reaching down to find inspiring good ways to invigorate those communities and get growth in those communities and really fix them. i don't see a lot of attention on that, and i actually see that as both for good moral reasons and also for good economic reasons for everybody else. >> you said the word that is the core part of the solution here, growth. economic growth. again, what is president obama going to do? he's going to punish the top two percent. a lot of those are small to medium size businesses that are struggling in this economy, struggling out of the burden of this regulatory requirement. struggling under the prospects of increased taxe
i don'federal government. i don't know why anybody wants to increase its size. >> greta: one of the things there's so little focus on whether it's republicans or democrats is our inner cities like detroit. they're going to explode, implode on us. they'll ultimately be a huge financial drain on the whole federal budget in some ways. it doesn't seem to me there's enough reaching down to find inspiring good ways to invigorate those communities and get growth in those communities and really...
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Dec 10, 2012
12/12
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FOXNEWS
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it is more profitable to be on the government goal. we have a live interview on that coming up. >>> these aren't your ordinary bad boys. can you say amish mafia? it's the subject of new reality show and it's raising a lot of eyebrows. we will talk about this one. >> welcome back it is 22 after the hour. don't have a significant other? if not blame your mother. over bearing parents relationship phobic young adults. over intrusive pair p renting makes 20 somethings fear commitment. tiger woods ex-wife using her multi million dollar divorce settlement to build a $24 million beach front mansion. elin nordegren flying the swedish flag above her new florida dream home. >> on the opposite end of the spectrum 17 million homes lived below the poverty line. despite the thakt that welfare spending is $1 trillion. when you break it all down it is more profitable to collect welfare than it is to earn a salary. here to breakdown some of the numbers sandra. they broke down the numbers. they say the cash value of welfare spending is 167,000 per day pe
it is more profitable to be on the government goal. we have a live interview on that coming up. >>> these aren't your ordinary bad boys. can you say amish mafia? it's the subject of new reality show and it's raising a lot of eyebrows. we will talk about this one. >> welcome back it is 22 after the hour. don't have a significant other? if not blame your mother. over bearing parents relationship phobic young adults. over intrusive pair p renting makes 20 somethings fear commitment....
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Dec 8, 2012
12/12
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MSNBCW
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but the fact is the government would then have all of this revenue. if it spends that revenue to create jobs and regardless of what the republicans say, government creates jobs all the time from school teachers like your mother to people like my brother who was a ditch digger, and you could get to work because he was out there cleaning the culvert out after a storm. we need a whole lot of jobs created. if the government gets all the revenue and we push it out the door, that will help the economy grow. >> we had an excellent economy under president clinton at those rates. what are we afraid of? >> in fact, more jobs were created in the eight years of bill clinton than the 20 years of reagan and the two bushes. eight years. more than in the other 20. >> david cay johnston, great to have i don't with us tonight. thank you so much. >> you're welcome. >>> there's a lot coming up in the next half hour. stay with us. >> are you proud of what americans for prosperity has achieved this year? >> you bet i am. we're going to do more too. >> the koch brothers mon
but the fact is the government would then have all of this revenue. if it spends that revenue to create jobs and regardless of what the republicans say, government creates jobs all the time from school teachers like your mother to people like my brother who was a ditch digger, and you could get to work because he was out there cleaning the culvert out after a storm. we need a whole lot of jobs created. if the government gets all the revenue and we push it out the door, that will help the...
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in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. and the active ingredient relieves your cough. santho, ho, ho!anta! santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. tha
in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. plays a key role...
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Dec 10, 2012
12/12
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FOXNEWSW
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they want cheap government house they are not taking no for an worry and going after the police trying to keep the peace. >> brian: josh brent accused of killing his teammate in a crash. he's out on bond. we have our analyst here live. [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. military families face, we understan at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >> quick headlines for you
they want cheap government house they are not taking no for an worry and going after the police trying to keep the peace. >> brian: josh brent accused of killing his teammate in a crash. he's out on bond. we have our analyst here live. [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the...